Dubai:
Shuaa Capital said on Sunday it plans to hold its general meeting on September 13.
The general meeting will discuss, approve and execute buy-back transaction, along with adoption and distribution of interim dividend, the company said in a statement on Dubai Financial Market’s website.
On August 7, Shuaa Capital said it proposed to give a cash dividend — its first in a decade — of Dh0.02 for the first half of 2018, in addition to seeking approval for a 10 per cent share buy-back after posting a strong set of results. Shuaa reported a 21 per cent increase in second-quarter net profit despite flat revenues.
